Healthcare IoT market revenue worldwide 2024, by region

In 2024, the healthcare internet of things segment in North America was worth over 31.5 billion U.S. dollars. Asia followed closely behind with a market revenue of approximately 31.1 billion U.S. dollars.

Revenue in the healthcare IoT segment of the internet of things market worldwide in 2024, by region (in billion U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

The Healthcare Internet of Things (also known as Internet of Medical Things or Connected health) refers to the use of IoT technologies in the medical field. The use cases range from remote patient monitoring, smart medical devices and predictive analytics.

Additional information:

The Internet of Things market compromise of revenue and revenue growth as the key performance indicators. The market consists of pure IoT revenues generated through the sale of hardware (such as sensors, chips, and other hardware), platforms (IoT platforms, security software and other software), connectivity (cellular, LoRa, SigFox and other connectivity) and services (integration &maintenance of equipment & systems). As an example, the pure IoT revenue for a smart security camera is only the component that makes the camera "smart" and connected, not the full product price. Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Some of the key players include Philips and Wipro.

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